A prime facility at one of the East Midlands’ largest logistics sites has been snapped up by a property investment partnership.
Middle Eastern investors have backed a new £100 million fund betting on rising demand for storage space near London.
A 220,043 sq ft logistics property in Leeds has been acquired for £16.8m in a joint venture with real estate investment and asset management company Citivale and Bahrain-headquartered investment manager, Investcorp.
Property group M7 Real Estate has acquired six office and logistics assets in a deal worth £22.4m.
A warehouse and logistics hub occupied by Eddie Stobart has been sold in a £31.75m deal.
US-based real estate investment trust Liberty Property Trust has purchased a one million sq ft warehouse and logistics portfolio from commercial real estate investor Leftfield Properties for £111m.
Fish and seafood processor Young’s looks set to create hundreds of new jobs after buying a prominent 13.5-acre site in the town.
Three prime East Midlands logistics sites have been sold in a deal worth £19.5m.
Urban Logistics has bought a 136,383 sq ft DHL warehouse in Alfreton, a 65,194 sq ft warehouse in Leicester and a 63,554 sq ft warehouse let to NNR Global Logistics in Northampton from LondonMetric.
A portfolio of five prime distribution buildings in Wakefield, Bardon in north Leicestershire, and Southampton, has changed hands for £94m.
A deal has been signed with Mountpark Logistics to deliver a new four-unit warehouse development at Omega South, near Warrington.
Omega Warrington Ltd has penned the agreement for the industrial/distribution hub of up to 757,555 sq ft.
Longbridge property group, St. Modwen has exceeded 1 million sq ft of lettings in the industrial and logistics sector for 2017.
It has been aided in its goal by two recent significant deals.
Tesco’s logistics warehouse in Bolton has been sold by LondonMetric Property for £24.4m, reflecting a net yield of 5.35%, to an unnamed buyer
The 274,000sq ft facility was acquired as part of the £117m Cabot logistics portfolio in August, 2017.
Icon Industrial, a joint venture formed by Stoford Developments and TPG Real Estate, has launched a £100m warehouse and logistics development in Manchester.
Icon Manchester Airport is a build to suit logistics/warehouse development with outline planning consent for around 1m sq ft, capable of delivering units from 100,000 sq ft to 700,000 sq ft on the 45-acre, fully serviced site.
Commercial property investor Tritax Big Box has invested almost £80m in a deal which strengthens its Midlands distribution portfolio.
The real estate investment trust has exchanged contracts with ProLogis European Finance XI Sarl to acquire two large logistics facilities at Prologis Park, Stoke-on-Trent.
Network Rail has sold its National Logistics Centre in Coventry in a deal worth £35m.
The unit at Ryton has been acquired by the West Midlands Pension Fund following a competitive sales process.
Oxenwood Real Estate has bought two logistics properties in Nottinghamshire for £23.7m, in a deal brokrered Commercial Property Partners (CPP).
The two properties, which total 533,098 sq ft, are located in South Normanton and have been acquired from a private investor by Oxenwood Catalina, the joint venture with Catalina Holdings, reflecting a net initial yield of 6.37%.
Logistics firm CML has bought a new distribution warehouse at Magna Park in Lutterworth.
The 110,215 sq ft unit will be the firm’s third warehouse at Magna Park, increasing its total retail distribution space at the park by almost 30%.
A 150,000 sq ft speculative logistics facility is to be built by developer db symmetry at its £60m Symmetry Park Junction.
Infrastructure works will also be undertaken at the site, off Junction 34 A1(M) Doncaster.
A recently refurbished 190,000 sq ft distribution warehouse in the heart of Wakefield Europort, one of Yorkshire’s leading distribution locations, has been sold for £11.8m.
CCLA Investment Management have bought the property from Edinburgh-based Parabola at a net initial yield of 6.39%.
Liberty Property Trust has bought a key logistics site in Northamptonshire.
Liberty, Brackmills will accommodate a development of around 200,000 sq ft of warehouse space
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